FilingReader Intelligence
China Mengniu Dairy profits dip amid dairy sector imbalance
March 28, 2025 at 12:25 AM UTC•By FilingReader AI
China Mengniu Dairy (HKEX:2319) announced a challenging financial year for 2024, marked by a 10.1% year-on-year revenue decrease to RMB88.67 billion. This downturn stemmed from an imbalance between dairy supply and consumer demand, impacting the entire sector. Despite the revenue decline, the company improved its gross profit margin by 2.4 percentage points to 39.6% through cost control measures.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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